The acquisition further enables Zone's objective
to deliver a wider unified end-to-end experience for finance,
accounting and operations professionals
BOSTON and OXFORD, England, May 8,
2024 /PRNewswire/ -- Zone & Co, the leading provider of
ERP-native software solutions for the CFO's office, today announces
the acquisition of UK-based Solution 7, the creator of an
award-winning financial reporting solution built with full drill
down and drill back capabilities, from live ERP data into Microsoft
Excel.
"Combining the strengths of Solution 7 and ZoneReporting,
customers gain enhanced proficiency to analyze and interrogate
their data from a single source of truth when and how they need to,
without sacrificing data-integrity," said Hylke Sluis, CTO at Zone
& Co. "Linked to Zone's broader platform, Solution 7 will help
arm organizations with not only easy access to complex real-time
data, but connected business-critical insights that help identify
anomalies, trends and position teams to ask questions that drive
faster and better decision making across the organization."
"In today's fast-changing market, the need for advanced
analytics and reporting is clearer than ever to stay strong and
competitive," said Thomas Kim, CEO
at Zone & Co. "Our mission will always be to partner with our
customers throughout the ebb and flow of their growth journey,
which means our platform of unified end-to-end products will
continue to evolve as their needs do. By combining Zone's BI
capabilities with Solution 7's financial reporting functionality,
we're empowering finance and accounting teams to scale their ERP
instances for enhanced flexibility, speed and accuracy in their
FP&A processes. I'm confident that the integration of Solution
7 into Zone's global platform will elevate our customer's financial
operations, enabling their finance function to deliver even greater
impact across the organization."
"The Solution 7 team shares Zone's passion for helping the CFO's
office enhance their out-of-the-box ERP functionality with
intuitive and seamlessly integrated solutions that can handle
unique or complex requirements with ease," said Simon Miles, CEO and founder of Solution 7. "Our
uniting forces open up a whole new set of opportunities to deepen
and broaden the capabilities of the Zone platform. We will
accelerate our ability to bring together real-time data,
intelligent automation and intuitive reporting that drives tangible
benefits for our customers. From reducing tech debt that drives
down technology cost of ownership, to improved decision-making that
all come together to help organizations drive higher
profitability."
Solution 7's entire UK-based team and global customer base will
migrate to Zone as part of the acquisition. The combined company
will have over 4,000 customers globally and employees based in hubs
across Europe, North America, Australia and Asia.
Wilkie Farr & Gallagher LLP
acted as legal adviser to Zone, and Osborne Clarke LLP acted as
legal advisor to Solution 7.
The full integration of both companies will take a phased
approach and is expected to be completed within 2024.
About Zone & Co
Zone is reinventing the way
companies approach back-office excellence, empowering finance
leaders and their teams to scale and thrive in today's dynamic
business landscape. Our highly flexible platform enhances
out-of-the-box ERP capabilities, offering maximum visibility and
control over company operations. From complex billing & revenue
recognition to AP automation and advanced FP&A reporting,
Zone's unified platform integrates seamlessly with leading ERP
software, adapting precisely to evolving needs. Trusted by over
3,000 customers worldwide, Zone & Co is committed to delivering
real-world solutions that deliver tangible results for its
customers. Headquartered in Boston,
MA, with hubs across Europe, North
America, Australia, and
Asia, we're dedicated to shaping
the future of enterprise back-office management.
For more information, please visit: www.zoneandco.com or follow
us on LinkedIn: linkedin.com/company/zoneandco.
About Solution 7
The Solution 7 award-winning FP&A
reporting solution allows finance professionals to create and
publish high-quality, complex, real-time management reports,
forecasts and financial statements, with full drill down and drill
back capabilities, from live ERP data into Microsoft Excel. With
customers throughout the USA,
Canada, UK, Benelux, Nordics,
Australia, New Zealand and 40+ other countries.
For more information, please visit: www.solution7.co.uk or
follow us on LinkedIn:
https://www.linkedin.com/company/solution7.
Contact: press@zoneandco.com
Legal disclaimer:
Microsoft® Excel® are registered trademarks of the Microsoft group
of companies.
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